Stevenage, SG1 6BG | Investment Property for Sale | VES-SG1-001

Exceptional investment opportunity to buy a hands-off investment generating 7.04% yield

£275,000

Terraced House

VES-SG1-001

INITIAL INVESTMENT

£124,500

GROSS RENT / YIELD

£19,361 / 7.0%

NET RENT / YIELD

£14,871 / 5.4%

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Sold

This listing along with over £23 million of other property has been sold since our launch in 2018.

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The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

2 bathrooms

1 reception room

640

Unfurnished

It is let to a specialist housing provider on a 10 year full repair and insurance lease.

Vesta has not visited the property and the marketing material has been provided by the vendor.

Tenancy

RENT

£19,361 p.a. / £1,613 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

FRI Lease

TENANCY AGREEMENT STARTED

over 5 years ago

TENANCY AGREEMENT ENDS

1/11/2025

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£19,361

Equivalent of £1,613 per calendar month (PCM).

GROSS RENTAL YIELD

7.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£14,871

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

5.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£4,490

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Stevenage, Hertfordshire

Stevenage is a town and borough in the county of Hertfordshire which acts as a commuter town and is situated approximately 28 miles north of the City of London.

Thameslink operates southbound services where you can get to Finsbury Park in 15 mins. Stevenage Railway Station lies on the East Coast Main Line and is managed by LNER. The train service is capable of getting to London King’s Cross in approximately 20 minutes.

The town centre benefits form a large pedestrianised area that features a wide array of shopping, dining and entertainment. Here one can find Roaring Meg Retail Park which has a selection of well-known department stores like Debenhams and other household names like Argos, Harveys and Furniture Village. Just up the road from here there is also a Cineworld Cinema Complex and Westgate Shopping Centre that features over 30 great stores including some of the biggest high street names in the country such as H&M and River Island.

Stevenage is home to many large employers’ head offices such as GlaxoSmithKline, Airbus Group Ltd, Paddy Power Betfair and Fujitsu to name a few.

This location could be perfect for young families that may be looking for local educational options for their young children that are in walking distance. Round Diamond Primary School is around 5 minutes away from this property and offers mixed sex teaching up to the age of 11.

Fairfield Way,

Stevenage,

Hertfordshire,

England,

SG1 6BG

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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